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Lookup NU author(s): Dr Philip Dawson
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This paper examines the farm-retail price spread for lamb from monthly UK data for 1979-1993. Using cointegration, it examines seasonal patterns in producer and retail prices and seeks to identify a long-run relationship between them. Results show that a long-run relationship exists, and that the direction of Granger-causality is from retail to producer prices. Lamb prices are therefore set in the retail market. Results also show that there is a structural break in the relationship in January 1990 when the price increases; this coincides exactly with a change in policy.
Author(s): Dawson PJ; Tiffin R
Publication type: Article
Publication status: Published
Journal: Applied Economics
Year: 2000
Volume: 32
Issue: 10
Pages: 1281-1286
Print publication date: 01/01/2000
ISSN (print): 0003-6846
ISSN (electronic): 1466-4283
Publisher: Routledge
URL: http://dx.doi.org/10.1080/000368400404434
DOI: 10.1080/000368400404434
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